Express & Star comment: Time to make Carillion bosses pay

The scathing report on the collapse of Carillion is the first step of what must be a sea change in how the Government deals with public contracts.

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Many smaller companies have suffered as a result of Carillion's collapse

The Wolverhampton firm's liquidation at the start of this year left a debt pile of £900 million and a pension deficit approaching £600 million, as well as a huge amount of unfinished contracts, many of which have been left in a state of limbo.

Unsurprisingly, the joint inquiry into its demise has found a 'rotten' culture operating at the top of the business, with directors apparently mostly concerned with lining their pockets.

The firm has become the latest example of how corporate greed can destroy a business.